Brent oil price continues to rise yesterday to confirm the return to the main bullish channel that appears on the above chart, approaching from our next main target at 52.83, which supports the continuation of the bullish trend scenario efficiently in the upcoming period, noting that breaching the mentioned level will extend Brent oil price gains to reach 55.09 as a next main station.
The EMA50 provides positive support to the price, thus, we will continue to suggest the bullish trend in the upcoming sessions unless we witnessed clear break and stability below 50.50.
Expected trading range for today is between 50.50 support and 54.50 resistance.
Expected trend for today: Bullish
Origin: Economies
